JPMorgan

  • 11 Jun 2014 at 3:03 PM

Layoffs Watch ’14: JP Morgan

According to CFO Marianne Lake, the bank may be forced to sacrifice some employees (and bonuses) for the greater good. Read more »

Before Cristina Monteiro, a managing director at JPMorgan Chase & Co. (JPM), flies abroad, she first checks to see where her colleagues will be sitting — and then chooses her own seat on the other side of the plane. “I don’t want to sleep with anyone from my office,” said Monteiro, 53, about the prospect of having a male co-worker as a seatmate on an overnight flight. “I’m very upfront about it. It’s awkward.” [Bloomberg]

JP Morgan Chase & Co.’s fairly quiet shareholder meeting in Tampa, Fla., disappointed two locals. They came for entertainment, but all they got was a free lunch. John Williams, 34, and Chris Taylor, 40, drove about 20 minutes to the J.P. Morgan office complex about 10 miles east of downtown Tampa. The Tampa locals arrived at 8 a.m. prepped with fold-up picnic chairs, a cooler of food and a gallon bottle of water expecting protesters, Messrs. Williams and Taylor said…Messrs. Williams and Taylor set up shop outside a batch of port-a-potties near the entrance to J.P. Morgan’s office complex and geared up for protests. None sprung up…The two men said they expected some entertainment but by 11:45 a.m., with the meeting over for almost an hour and shareholders driving away, they realized they were out of luck. [MoneyBeat]

  • 12 May 2014 at 9:45 AM

Layoffs Watch ’14: JP Morgan

The House of Morgan is expected to lay off a whole bunch of employees this year. Those cuts, along with increased regulatory pressure, will somehow supposedly, eventually, cause Jamie Dimon to decide his gig as CEO is not worth the trouble and quit to become a shepherd, according to analyst Dick Bové. Read more »

  • 07 May 2014 at 4:08 PM

Glass Lewis Wants To Know Where JPMorgan Gets Off

…paying its top executives like they’re hot shit, when, in reality, they’re no better than, I don’t know, Citigroup. Read more »

Unfortunately things didn’t exactly pan out that way. Read more »

JPMorgan Chase & Co., the biggest U.S. bank by assets, had a “tin ear” when dealing with regulators before settling probes into mortgage lapses and trading losses, Chief Executive Officer Jamie Dimon said. “Our response generally was, ‘We know what we’re doing,’” Dimon wrote today in a letter to the New York-based bank’s investors. “Well, we should have done more self-examination. We need to be better listeners.” [...] The bank missed signals when rivals faced scrutiny and must “do a better job at examining critiques of others so we can learn from other people’s mistakes, too,” he said. [Bloomberg]